Norway Oil Fund. How Norway's Oil Fund Investment Policy Can Be Ethical


Seminar Paper, 2020

8 Pages, Grade: A


Abstract or Introduction

Norway experienced an economic surpluses following improvement of its hydrocarbon resources during the 70s. This reality changed the fate of the country and they made plan for the future towards economic sustainability. This was the birth of the Norway Oil Fund also known as Government Pension Fund-Global (GPF-G). The Sovereign Wealth Fund exists as a drawn out monetary saving guaranteeing that Norway not simply the current age profit and appreciate from the nation oil riches. The Fund is $1tn and owns an average of 1.4 per cent of every listed company worldwide. The GPF-G was charged with making investment in areas that promote corporate governance, sustainable development in economic, social, and environmental terms. However, the GPF-G has come under domestic and international pressure over ethical violations in the manner in which the fund are said to have been invested in companies that promotes gambling, alcohol, forced labour, cluster bombs and nuclear weapons

Details

Title
Norway Oil Fund. How Norway's Oil Fund Investment Policy Can Be Ethical
College
University of Ibadan
Grade
A
Author
Year
2020
Pages
8
Catalog Number
V1036916
ISBN (eBook)
9783346448064
Language
English
Tags
Norway Oil fund, Ethics, Business
Quote paper
Tomiwa Ogunrinde (Author), 2020, Norway Oil Fund. How Norway's Oil Fund Investment Policy Can Be Ethical, Munich, GRIN Verlag, https://www.grin.com/document/1036916

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